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625 Railroad Dr - Lot 625

2.57 Acres of Commercial Land Offered at $329,000 in Norwood Young America, MN 55368

Investment Highlights

  • Great Location

Executive Summary

Zoned C2 – General Commercial, four lots available and sold separately. 610 & 620 Railroad Drive at $376,000, 2.98 acres, 126,234 SF, on Highway 212.
625 Railroad Drive at $329,000, 2.52 acres, 109,771 SF.
630 Railroad Drive at $175,900. 1.33 acres, 58,806 SF, on Highway 212.

Financial Summary (Actual - 2021)

Annual Annual Per AC
Taxes $3,300 $1,284.60
Operating Expenses - -
Total Expenses $3,300 $1,284.60

Financial Summary (Actual - 2021)

Taxes
Annual $3,300
Annual Per AC $1,284.60
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $3,300
Annual Per AC $1,284.60

Property Facts

Price $329,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 2.57 AC

1 Lot Available

Lot

Price $329,000
Price Per AC $128,070
Lot Size 2.57 AC

Zoned C2 – General Commercial District, four lots available.

Description

Zoned C2 – General Commercial District, four lots available. 625 Railroad Drive at $442,260, 2.52 acres, 109,771 SF. Also available, 630 Railroad Drive at $233,415. 1.33 acres, 58,806 SF, on Highway 212. 610 & 620 Railroad Drive at $510,195, 2.98 acres, 126,234 SF, on Highway 212.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
58.5300070
Land Assessment
$145,600 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$145,600 (2024)
Annual Taxes
$3,300
Tax Year
2021

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 24787529

  • Date on Market: 1/7/2022

  • Last Updated:

  • Address: 625 Railroad Dr, Norwood Young America, MN 55368

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